Instincts tell me to long this pair. Big news tommorow about the interest rate statement and retail sales may provide a good buying opportunity. Charts look good too. Thoughts?
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DislikedHello, i want to share an idea, a trade that i taked.
Well, looking the aud-usd H4 chart, it is seeable a good opportunity, price have done a good impulse wave (from 0.9105 to 0.9285), and after that it touched the 76.4 fibonacci retracement, letting me think that if an extention there will be, it will (can) touch the 176.4 extension level. After that, price hit the trigger of 100 (0.9285), and now it is near the 100 and 76.4 level, i'm in obviously Long, as stoploss there is the 76.4 level, price already goed near it, but not touching it (stoploss not hitted for just 3-4 pips, adrenaline!! i'm risking 10% of my balance), anyway... i think this trade can be quietly good, a lot of confirmations, all we (me) have to do now is wait that price reach the target, and be afraid the less as possible, obviously i can be totally wrong and price can hit the stoploss in the next 30 minutes or the next 4 hours, but for now everything looks right (LOOKS!), so i will wait to see what happen.
Let me know what you think, if you think something about this trade.
Tnx and good day to all
P.s. screenshot attached
http://img291.imageshack.us/img291/5...dusdrl5.th.jpgIgnored